Pilot-build EV coupe based on Hyundai Genesis

It's the age of the Internet, so how else would an unknown company with zero backing develop a high-performance, zero-emissions coupe without other people's money and other people's engineering?

A company in China, Youxia  Motors, is building a car that theoretically boasts a 300km/h top speed and a 0-100km/h acceleration time of five seconds. The Youxia 1, an electric vehicle based on Hyundai's Genesis coupe, is capable of running 250km between battery charges... presumably at legal speeds, rather than 300km/h.

Unlike other car companies, which cover the cost of engineering from their own financial resources, Youxia is planning to draw out funding from online investors with a pilot build of just five cars. That's expected to cost $480,000 USD, which the company intends to raise through a crowd-funding campaign commencing from Sunday, July 26 – the day the pre-production car and all its specifications are revealed.

After the first five cars are built, the company aims to raise another $1.6 million USD to develop the car on its own architecture – effectively dispensing with the Genesis DNA for on-going production. Youxia Motors expects the mainstream model to enter production next year. The teaser image here was released by the manufacturer and published on automotive site CarNewsChina.com ahead of the full reveal on Sunday.